Some larger banks are refusing to hold large amounts of cash from some of their clients. Recent changes in government regulation has forced banks to hold capital against those “Hot” deposits in such a way that it costs the banks money to accept those deposits. So they have been calling up these big clients and … Continue reading US Banks refusing to hold cash ?!
Commodity prices – things like oil, copper, timber, etc – have dropped significantly this year. Copper – down 20% since January 1 Oil – down almost 40% (which we see at the gas pump!) Lumber – down almost 30% Coffee – down almost 40% (except at Starbucks!) This has led to a tiny bit of … Continue reading Commodity Prices Crashed in 2015 => Deflation!
As of late 2015, Central planning in China is starting to show its limits. The Chinese GDP is falling and continuing to drag down the global economy. The government there is apparently running out of patience or money for building more “ghost cities” and propping up various industries throughout the country, so their overall economy … Continue reading CHINA, CHINA, CHINA